Diversified Trust Co Reduces Stake in Healthpeak Properties, Inc. (NYSE:DOC)

Diversified Trust Co reduced its position in Healthpeak Properties, Inc. (NYSE:DOC) by 51.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,709 shares of the real estate investment trust’s stock after selling 12,379 shares during the period. Diversified Trust Co’s holdings in Healthpeak Properties were worth $237,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. MFG Wealth Management Inc. boosted its stake in shares of Healthpeak Properties by 1.2% in the 1st quarter. MFG Wealth Management Inc. now owns 125,119 shares of the real estate investment trust’s stock worth $2,530,000 after buying an additional 1,496 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of Healthpeak Properties by 9.0% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 698,940 shares of the real estate investment trust’s stock worth $14,133,000 after buying an additional 57,985 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in Healthpeak Properties by 11.3% during the first quarter. Sequoia Financial Advisors LLC now owns 89,158 shares of the real estate investment trust’s stock valued at $1,803,000 after purchasing an additional 9,019 shares in the last quarter. S.A. Mason LLC lifted its position in Healthpeak Properties by 160.9% during the first quarter. S.A. Mason LLC now owns 1,500 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 925 shares in the last quarter. Finally, AssuredPartners Investment Advisors LLC lifted its position in Healthpeak Properties by 3.1% during the first quarter. AssuredPartners Investment Advisors LLC now owns 22,088 shares of the real estate investment trust’s stock valued at $447,000 after purchasing an additional 666 shares in the last quarter. 93.57% of the stock is currently owned by hedge funds and other institutional investors.

Healthpeak Properties Price Performance

NYSE:DOC opened at $17.90 on Wednesday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 1.01. The business’s 50-day simple moving average is $17.44 and its two-hundred day simple moving average is $19.07. The stock has a market cap of $12.44 billion, a PE ratio of 44.75, a P/E/G ratio of 1.99 and a beta of 1.03. Healthpeak Properties, Inc. has a 52 week low of $16.64 and a 52 week high of $23.26.

Healthpeak Properties (NYSE:DOC) last posted its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.46 EPS for the quarter, meeting analysts’ consensus estimates of $0.46. Healthpeak Properties had a return on equity of 3.06% and a net margin of 9.99%. The business had revenue of $702.89 million for the quarter, compared to analysts’ expectations of $690.76 million. During the same period last year, the firm earned $0.45 earnings per share. The business’s quarterly revenue was up 15.9% on a year-over-year basis. As a group, analysts forecast that Healthpeak Properties, Inc. will post 1.86 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The company also recently announced a dividend, which was paid on Friday, May 30th. Stockholders of record on Tuesday, May 20th were issued a $0.1017 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a dividend yield of 7.05%. Healthpeak Properties’s dividend payout ratio (DPR) is 305.00%.

Insider Transactions at Healthpeak Properties

In other news, Director Tommy G. Thompson bought 5,777 shares of Healthpeak Properties stock in a transaction dated Wednesday, May 28th. The shares were purchased at an average cost of $17.27 per share, with a total value of $99,768.79. Following the completion of the acquisition, the director owned 144,290 shares of the company’s stock, valued at $2,491,888.30. This trade represents a 4.17% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Scott M. Brinker bought 2,750 shares of Healthpeak Properties stock in a transaction dated Friday, May 9th. The stock was purchased at an average cost of $17.39 per share, for a total transaction of $47,822.50. Following the completion of the acquisition, the chief executive officer directly owned 204,613 shares of the company’s stock, valued at approximately $3,558,220.07. The trade was a 1.36% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 29,764 shares of company stock valued at $521,909. 0.23% of the stock is currently owned by insiders.

Analyst Ratings Changes

DOC has been the topic of several analyst reports. Argus reiterated a “buy” rating and set a $25.00 target price on shares of Healthpeak Properties in a research report on Tuesday, April 29th. Robert W. Baird lowered their target price on Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 29th. Evercore ISI lowered their target price on Healthpeak Properties from $23.00 to $21.00 and set an “outperform” rating on the stock in a research report on Monday, April 28th. Wedbush lowered their target price on Healthpeak Properties from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Monday, April 28th. Finally, Wells Fargo & Company lowered their target price on Healthpeak Properties from $22.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Monday, June 2nd. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $23.27.

Healthpeak Properties Profile

Healthpeak Properties, Inc is a fully integrated real estate investment trust (REIT) and S&P 500 company. Healthpeak owns, operates, and develops high-quality real estate for healthcare discovery and delivery.